KUALA LUMPUR - Crude palm oil (CPO) production in Malaysia decreased in the lowest level in last eight years after the flood happened in the country.
Malaysian Palm Oil Board (MPOB) said, on December 2014, the output fell 22% to be 1,36 millions of tons than the output in November. It was the largest decreasing since December 2006.
Beside that, the stock also decreased 12 % to be 2,01 millions of tons or it is smaller than the median estimation about 2,05 millions of tons.
Executive Director in LT International Futures, Chandran Sinnasamy, as quoted from The Star, Tuesday (13/1), CPO production could be smaller than in January and February. (T3)
